Exam: BEC Vantage

Definition: A reduction in quality, status, or value, often referring to a lower level or position.

Example: The company announced a downgrade in its credit rating due to financial difficulties.

Definition: To reduce the level, status, or quality of something, often making it less important or valuable.

Example: The company decided to downgrade the employee's position due to budget cuts.

Definition: A reduction in quality, status, or value, often related to ratings or assessments.

Example: The downgrading of the company's credit rating affected its ability to borrow money.

Definition: To lower the status, quality, or importance of something.

Example: The company is downgrading its services to cut costs.

Definition: To assign a lower value or rating to something, often in terms of quality or performance.

Example: The company decided to downrate the product after receiving negative feedback from customers.

Definition: Relating to products or services that are designed for people with lower incomes or that are of lower quality compared to more expensive options.

Example: The store offers downscale versions of popular brands for budget-conscious shoppers.

Definition: To make something smaller or less in size, amount, or importance.

Example: The company decided to downscale its operations to save costs.

Definition: To change to a lower gear in a vehicle or to slow down in speed or intensity.

Example: When driving uphill, it's important to downshift to maintain control of the car.

Definition: To reduce speed, intensity, or rate, often used in the context of vehicles or communication.

Example: The driver decided to downshift to a lower gear to navigate the steep hill more easily.

Definition: To reduce in size or number, especially by eliminating jobs or positions.

Example: Many companies have decided to downsize their workforce to cut costs.

Definition: To reduce the number of employees or the size of something, often in a business context, usually to save money or improve efficiency.

Example: The company decided to downsize its workforce to cut costs.

Definition: The process of reducing the number of employees or the size of a company, often to cut costs.

Example: The company announced a downsizing that would affect hundreds of workers.

Definition: To reduce in size, number, or extent, often referring to a company reducing its workforce or operations.

Example: The company is downsizing to cut costs and improve efficiency.

Definition: A person who creates plans, designs, or documents.

Example: The drafter prepared the blueprints for the new building.

Definition: A fee or cost associated with transporting goods using a type of vehicle called a dray, which is typically used for moving heavy loads over short distances.

Example: The company included drayage fees in the total shipping cost for the delivery.

Definition: A person who operates a machine to make holes in the ground or other materials.

Example: The driller carefully positioned the rig to start the operation.